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FOX News
Jul 11, 2011 8:00pm EDT
believes that is not a wise position. that if big spending cuts are agreed upon the federal debt ceiling should be raised for the good of the nation. it's the same thing that happened three years ago when president bush told the country the economy was about to collapse because the financial industry was going under. some americans didn't believe that but all the evidence says it was true. that the feds had to bail out the financial industry and that's what happened. same boat, different year. you can imagine what the worldwide markets will do if the u.s.a. defaults on obligations in august. all of us will suffer economically because foreign investors would begin to pull their money out of america. the dollar would plummet along with stocks. so a deal must get done. but president obama is making a huge mistake in trying to raise taxes now. why bother with that? just campaign on your economic position, mr. president. and if you get reelected you can raise taxes later. on the g.o.p. side, we need tax reform desperately in this country. we need to raise more revenue in smart ways. perhaps a
Search Results 0 to 2 of about 3 (some duplicates have been removed)